11-08-2004, 02:04 PM
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Too lazy to set a custom title
Join Date: Oct 2002
Location: Global Traveler
Posts: 51,271
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Quote:
Originally posted by BlackCrayon
WASHINGTON (AFP) - US President George W. Bush's administration was conspicuously silent even as Europe agonizes over the plummeting dollar, a policy analysts described as "benign neglect."
"Euroland policymakers are sounding the alarm bells," said Merrill Lynch chief North American economist David Rosenberg, as the euro hit a record high 1.2987 dollars in early trading.
The dollar had plunged 36 percent from the high of four years ago, and was dropping "like a stone" since the Bush's re-election, which stoked worries about the US trade and budget deficit, Rosenberg said.
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I knew it. and it will continue i'm afraid. |
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